EOG Resources, Inc. (NYSE:EOG) Shares Bought by RiverFront Investment Group LLC

RiverFront Investment Group LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,883 shares of the energy exploration company’s stock after purchasing an additional 4,667 shares during the quarter. RiverFront Investment Group LLC’s holdings in EOG Resources were worth $12,081,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Qube Research & Technologies Ltd raised its holdings in EOG Resources by 863.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after acquiring an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. lifted its position in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in EOG Resources during the third quarter worth $71,596,000. Invesco Ltd. grew its holdings in EOG Resources by 15.2% in the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after buying an additional 460,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of EOG Resources by 38.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after acquiring an additional 408,833 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG traded up $0.34 on Friday, hitting $135.70. 1,841,074 shares of the company traded hands, compared to its average volume of 2,825,198. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a 50 day moving average of $125.70 and a 200-day moving average of $122.48. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.3 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Truist Financial decreased their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Susquehanna boosted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.